Bank of China
2 stories
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financeChina Accelerates Yuan Internationalization with Direct Offshore Transactions
China's PBOC allows six banks to trade offshore yuan directly from the mainland, enhancing international financial connectivity.
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financeChinese Banks Become Net Borrowers for First Time in 7 Months
Chinese banks flip to net borrowers in short-term funding, signaling tightening liquidity as the PBOC withdraws $27.5 billion from the system.